Directors – election and term
(1) Directors of a farm mutual insurer must be elected by its members by ballot or acclamation for terms not to exceed 3 years and hold office until their respective successors are elected and have qualified.
(2) An individual may not serve as a director unless the individual is a member of the insurer.
| EnactedEn. SectionSec. 495, ChapterCh. 286, Laws ofL. 1959 |
| Revised Codes of MontanaR.C.M. 1947, 40-4828 |
| AmendedAmd. SectionSec. 11, ChapterCh. 227, Laws ofL. 2011 (HB 125 - Klock, Harry (R) HD 83) |